Two weeks ago I expected a pullback and got it. Then I thought SPX MP would hold and it has. Now what?
Markets are at an interesting juncture:
NDX YR2 test
DJI HR1 test
RUT MP test
VIX YP test
These are the big levels in play. The easy bullish resolution would be NDX above YR2, DJI above HR1, RUT holding MP, and VIX below YP. But we have to consider the possibility that this may not happen. We’ll see tomorrow.
All charts mentioned are below.